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Apr 19, 2013
04/13
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which parts of the economy look attractive at the moment? there is a strong bias with orient energy, if i look at the large companies you can invest with. so it has a lot to do with our global growth. i think everything related to oil and energy, the current surplus is related to the oil price. the oil prices at the end are related to the growth and the demand from china. it's less the pure russian theme you can play. it's much more related for our belief in the scenario in terms of where growth is going. there, i think we believe that the end, while a lot of investors have been skeptical, still are skeptical, but we believe there is probably a higher risk not taking a risk and that's the thing where you have the opportunity. but at the end, if you look at the valuation, there, if you would take maybe one or two steps forward increasing productivity of the company, i mean, there are opportunities. you can actually shape. >> let's put your hedge fund hat on for a moment. it's been a difficult period for a lot of hedge funds. there's been a re
which parts of the economy look attractive at the moment? there is a strong bias with orient energy, if i look at the large companies you can invest with. so it has a lot to do with our global growth. i think everything related to oil and energy, the current surplus is related to the oil price. the oil prices at the end are related to the growth and the demand from china. it's less the pure russian theme you can play. it's much more related for our belief in the scenario in terms of where...
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Apr 22, 2013
04/13
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if you look close to these areas, it has good economy. however, many middle income citizens will not want to live there because it doesn't have the schools and the health care system to support it compared to shanghai. but after these temporary controls, i don't think the prices will continue to rise that fast. while the economy is growing about 7%, income rates are only at double digits. the problem is that china is very big and there are many second and third-tier cities where prices aren't rising as fast as shanghai and beijing. my concern is that price increaseses in those two cities can't be control, it will result in other price increases, as well, and that won't be a good thing. >> because of the increase in prices in china, we start to see a lot of developers move over to the united states. do you see that increasing in response? what are the opportunities right now? what's your view of that market? >> there are several reasons behind vanke's decision to invest in the u.s. firstly, globalization. while china is growing fast, the d
if you look close to these areas, it has good economy. however, many middle income citizens will not want to live there because it doesn't have the schools and the health care system to support it compared to shanghai. but after these temporary controls, i don't think the prices will continue to rise that fast. while the economy is growing about 7%, income rates are only at double digits. the problem is that china is very big and there are many second and third-tier cities where prices aren't...
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Apr 17, 2013
04/13
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we're in a slow economy. the slower the economy, the bigger the credit book and bigger the share buybacks have in driving stock prices higher over time. >> you're calling this voodoo. there's a powerful force between buybacks and money from pension funds will continue and that's why as you indicated earlier looking at the sell-off in gold and what it has done to takeout equities and say if anything it's a buying opportunity. >> it is voodoo finance driven by financial engineering. that will drive stock prices higher over th years because we're in a credit boom. credit booms always end and they end badly. they probably won't end for two to five years and that's longer than most analysts think this cycle is going to last. it's going to drag stock prices up but if you're a long-term investor, you can't own stocks. you can only rent them. >> does that mean it ends badly for china here too. we've seen so much focus in the news today on the local government debt levels. any way they avoid a similar crash outcome? >
we're in a slow economy. the slower the economy, the bigger the credit book and bigger the share buybacks have in driving stock prices higher over time. >> you're calling this voodoo. there's a powerful force between buybacks and money from pension funds will continue and that's why as you indicated earlier looking at the sell-off in gold and what it has done to takeout equities and say if anything it's a buying opportunity. >> it is voodoo finance driven by financial engineering....
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Apr 23, 2013
04/13
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french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and manufacturing came in 46.5. the services figure was 46.6. but, again, it's some of the weakness in the core economy of germany that's catching the market's attention this morning. the euro weaker, the xetra dax off by about 0.2%. we're going to get some uk data out at 9:30. also coming up on the show, the how companies are battling to take a foothold in the alternative energy market in china. then at 11:10, we'll be joined by jim o'neill as he nears the end of his tenure at goldman sachs. we'll get his best and worst invest
french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and...
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Apr 24, 2013
04/13
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that's why we had so many problems with the economy. before we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight corruption. >> and tomorrow ross will sit down exclusively a chairman who is called warren buffett of china and ross will be back here to tell you about it himself. >>> you can find why investors are helping to surge peugeot sales. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. you don't really have to give up living,
that's why we had so many problems with the economy. before we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight corruption. >> and tomorrow ross will sit down exclusively a chairman who is called warren buffett of china and ross will be back here to tell you about it himself. >>> you can find why investors are helping to surge peugeot sales. [singing] hoveround takes me where i wanna go... where will...
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Apr 16, 2013
04/13
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how strong is the economy relative to the eurozone? and when we get data like this, it makes things sticky, certainly not going to spell relief from consumers. >> i think the uk picture is similar to the european picture in terms of growth, but with a little bit of extra growth. and, you know, as far as the bigger picture sort of is concerned, that isn't sufficiently differentiated compared to what you're seeing in the u.s. or asia. i think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commi
how strong is the economy relative to the eurozone? and when we get data like this, it makes things sticky, certainly not going to spell relief from consumers. >> i think the uk picture is similar to the european picture in terms of growth, but with a little bit of extra growth. and, you know, as far as the bigger picture sort of is concerned, that isn't sufficiently differentiated compared to what you're seeing in the u.s. or asia. i think for the foreign exchange market, it's more a...
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Apr 18, 2013
04/13
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now, you couple that with what's the emerging market economies represent today in the world economies, which is a third, and it will be half the world economy in five years. >> and you can see this is a major theme. you guys have highlighted several companies from inbev to nestle that are ways to play it the.but i wonder, fen, even if you buy it long-term, wa do you do when you have a nestle market. >> nestle is a neutral rated stock at our fist. that's why nestle india is a accelerated stock. but the food producers in brazil, it's a buy rated stock and it's the way to play it. even on the fertilizer angle, we don't cover syngenta. we cover other companies that do fertilizers, the feeding and the agra technology, which is helpful to extract more from the existing land that has very little potential to grow. >> were there any other surprising ways you can play the theme without necessarily buying some of the foodmakers? >> for me, the most exciting opportunity here, and it's large and in size, the top ten producers sell roughly $40 billion. the top ten food retailers in the world sell
now, you couple that with what's the emerging market economies represent today in the world economies, which is a third, and it will be half the world economy in five years. >> and you can see this is a major theme. you guys have highlighted several companies from inbev to nestle that are ways to play it the.but i wonder, fen, even if you buy it long-term, wa do you do when you have a nestle market. >> nestle is a neutral rated stock at our fist. that's why nestle india is a...